Make journal entries below for the following transactions: a) Aug 2, 2024- An entrepreneur, Sharon, invests...
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Make journal entries below for the following transactions: a) Aug 2, 2024- An entrepreneur, Sharon, invests $2,000 cash and $3,000 equipment into her new small business. Aug 6, 2024- Sharon obtains a $3,000 bank loan. Aug 11, 2024- Sharon purchases $1,200 of inventory on account. b) c) d) Aug 14, 2024- Sharon completes a $150 cash jewellery repair for Karen. Aug 18, 2024- Sharon pays a $220 utilities bill. Aug 21, 2024- Sharon completes a $900 sale on account to Hugh. The goods had cost her $400. e) f) Aug 25, 2024- Hugh pays half of his owed debt to Sharon. Aug 29, 2024- Sharon repays $750 of her bank loan. g) h) i) Aug 31, 2024- Sharon withdraws $300 cash from her business. Make journal entries below for the following transactions: a) Aug 2, 2024- An entrepreneur, Sharon, invests $2,000 cash and $3,000 equipment into her new small business. Aug 6, 2024- Sharon obtains a $3,000 bank loan. Aug 11, 2024- Sharon purchases $1,200 of inventory on account. b) c) d) Aug 14, 2024- Sharon completes a $150 cash jewellery repair for Karen. Aug 18, 2024- Sharon pays a $220 utilities bill. Aug 21, 2024- Sharon completes a $900 sale on account to Hugh. The goods had cost her $400. e) f) Aug 25, 2024- Hugh pays half of his owed debt to Sharon. Aug 29, 2024- Sharon repays $750 of her bank loan. g) h) i) Aug 31, 2024- Sharon withdraws $300 cash from her business.
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Journal entries No General Journal Debit Credit Aug 2 Cash 2000 Equipment Owners capita... View the full answer
Related Book For
Essentials of Accounting for Governmental and Not-for-Profit Organizations
ISBN: 978-0073527055
10th Edition
Authors: Paul A. Copley
Posted Date:
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